CN Condor Resources Inc

Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) is pleased
to announce that it has closed the non brokered private placement announced July
26, 2012 to raise gross proceeds of $500,000. 


The private placement consisted of 5 million shares at a price of $0.10 per
share, and the shares are subject to a four month hold period expiring January
13, 2012. No commissions or finder's fees were paid in connection with the
private placement. 


The net proceeds of the private placement will be used for drilling the
Company's wholly-owned Soledad Property located in west-central Peru, and for
working capital. 


Condor Resources Inc. was incorporated in 2003 by field exploration specialists
focused on the generation of precious and base metals projects in South America,
where management has extensive experience and a proven track record of
discovery. The Company's long term objective is the discovery of a major new
precious/base metals deposit and its business plan offers shareholders access to
an exciting portfolio of fifteen properties in Peru and Chile, each offering a
unique path to discovery.


ON BEHALF OF THE BOARD

Patrick J. Burns, President & Chief Executive Officer

Cautionary Statement Regarding Forward-Looking Information: All statements,
trend analysis and other information contained in this press release relative to
markets about anticipated future events or results constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect" and "intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar expressions.
Forward-looking statements are subject to business and economic risks and
uncertainties and other factors that could cause actual results of operations to
differ materially from those contained in the forward-looking statements.
Forward-looking statements are based on estimates and opinions of management at
the date the statements are made. The Corporation does not undertake any
obligation to update forward-looking statements even if circumstances or
management's estimates or opinions should change. Investors should not place
undue reliance on forward-looking statements.

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